The Hog Farmers’ Stocks Soar: DBC Sells Out Post C.P.’s Scandal.

This positive momentum in the livestock sector followed allegations against CP Vietnam Livestock Joint Stock Company, which were circulated on social media. The accusations sparked concerns among investors and prompted a response from the company.

The incident originated from a post by Jonny Lieu, an influencer with 29,000 followers, who made serious allegations against the leadership of CP Vietnam Livestock Joint Stock Company regarding their retail store in My Xuyen, Soc Trang province. The post quickly gained traction as it was shared widely.

According to the post, the store allegedly sold diseased pork and chicken, including those with visible signs of infection and putrid odor. The author of the post claimed that CP Vietnam instructed its employees to sell these products, disregarding the health and safety of consumers.

In response to these allegations, CP Vietnam denied the accusations, stating that the information in the post was untrue and damaging to the company’s reputation. They asserted that all products sold at CP Fresh Shops originate from traceable sources and undergo rigorous quality control in accordance with internal procedures and legal regulations.

On June 4th, the Ministry of Agriculture and Environment took swift action by sending an official dispatch to the Ministry of Public Security, requesting an investigation and handling of the information spreading on social media regarding CP Vietnam. The ministry emphasized the importance of ensuring consumer confidence and maintaining the integrity of the meat production and supply chain.

Prior to this, on June 3rd, Deputy Minister Phung Duc Tien affirmed that while some administrative violations were evident, there was insufficient evidence to conclude that CP Vietnam sold diseased pork. To protect public health and uphold industry standards, the ministry will continue to monitor the distribution system of this enterprise and others in the industry.

Bright Prospects for the Pig Farming Industry

Turning our attention back to the pig farming enterprises, the strong upward trend and high prices of pork in the first months of 2025 have paved the way for most companies in the industry to achieve positive financial results, with some even announcing record profits.

Specifically, Dabaco recorded a net profit of over VND 508 billion, a sevenfold increase compared to the same period last year. This marks the highest quarterly profit in the company’s history, allowing them to accomplish more than half of their annual plan.

According to their explanation, Dabaco attributed this success to their proactive efforts in restocking their herds as the epidemic situation in livestock and poultry herds was brought under control. Additionally, DBC also improved the performance of other business segments, such as their vegetable oil division.

Masan Meatlife, a leading meat processor, reported a net profit of VND 116 billion, a significant improvement from the loss of VND 43 billion in the previous year. This remarkable turnaround can be attributed to the growth in their chilled meat, processed meat, and farm segments, coupled with optimized production costs.

BAF, another prominent player in the industry, experienced a decline in revenue during the first quarter, but their profit increased by 11% to VND 132 billion. Notably, BAF has almost entirely discontinued its animal feed business, and their revenue and profit in the first quarter of 2025 were derived primarily from pig farming. BAF sold over 160,000 pigs during this period, with a significant majority being pork, reflecting a nearly 50% increase compared to the previous year.